the crocieristica company Lindblad Expedition will melt with the active trust Capitol Acquisition Corp. II



Lindblad Expedition, tourist group American that work in collaboration with National Geographic and that it offers to crocieristici programs and shipments with a fleet of ten ships, of which you are of property, with the objective to promote the sustainable tourism in remote regions like the Antarctic one, the Arctic, the Galapagos, Alaska and the Amazonia, has signed an agreement of fusion with the active trust Capitol Acquisition Corp. II. The value of the agreement is of approximately 439 million dollars.

the society been born from the fusion, whose capital entirely will be stopped by Capitol, will be called Lindblad Expeditions Holdings, Inc. and share Nasdaq will be quoted at the market. The current shareholders of Capitol will stop 50% approximately of the new society and remaining 49% will be possessed by the current shareholders of the Lindblad who, to the action of the conclusion of the transaction, will receive also 90 million dollars cash. The new company will continue to being guided from the president and founder of the Lindblad, Sven-Olof Lindblad, and from the current management.

the understanding previews an increase of the activity of the Lindblad also through the acquisition of new ships. "We - Sven-Olof Lindblad has commented - are enthusiastic to collaborate with Capitol Acquisition Corp. II in one transaction that will allow with Lindblad to enter in a new phase of our history and to pursue future opportunity of increase like public company. These ulterior resources and the strengthening of the patrimonial state - it has specified - will allow us to satisfy the increasing ask of the customers widening our fleet with new ships and estimating opportunity of strategic acquisitions times to the increase".

In concomitanza with the effettuazione of the fusion Lindblad and National Geographic will sign a delay of their collaboration, that it is in existence from 2004, extending it until 31 December 2025.

Lindblad Expedition and Capitol Acquisition Corp. II they have emphasized that Lindblad is one of the companies leader in a segment of the market of the tourism and the travels that is in strong increase: according to a study on the field lead from George Washington University and the Adventure Travel Trade Association (APT) - they have remembered - the adventure travels have recorded a annual medium increase of 65% from 2009 to 2012 and this segment of market has reached a value of 263 billion dollars.